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Wednesday, July 27, 2016

Saving Your Way Out Of Debt

I saw an article titled “Finances: Oatmeal, Bread, and Rice and Beans” in a magazine that my family gets and I wanted to share it with you because I enjoyed the message that it shared and some of the points that it made, all in the context of a real family and event in their lives. It is written by a mother of 5 living in Hawaii and describes how they were able to get out of credit card and student loan debt.

Enjoy – (sorry if the picture of the article is hard to read)

Part of the reason that I enjoyed this article was this families food choices. For years now we have eaten oatmeal for breakfast nearly every day – our boys are so use to eating oatmeal for breakfast that they consider the rare bowl of cereal or pancakes a luxury to only expect on special days. And rice and beans is my 5 year old’s favorite meal. 9 times out of 10 if I ask him what he wants for diner he happily says “Rice and Beans” then runs to pick out which kind of beans he wants and gets heart broken if we end up making something different. And as I write this I am eating a large bowl of rice and beans for lunch for the third day in a row.

I also think that it is worth pointing out that this family hit it hard for a few months and was able to cut back on as many expenses as possible in order to get themselves out of debt – “There were no luxuries such as butter, fresh milk, or juice.” But they still paid a full tithing (10% of their income) and considered that to be one of the reasons that they were able to make such fast progress instead of a hinderance to it.

So, if you are currently struggeling with debts I hope that you can find solice in this short story and a new resolution to attack it and free yourself from your creditors.